MPC - Monetary Policy Committee
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unanimous - of one mind; in complete agreement; agreed
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CPI - consumer price index
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This article talks about the Bank of England's Monetary Policy Committee and how they agreed to keep interest rates at 0.5% this month. All nine MPC members decided to vote for no changes. Some MPC members noticed that this could lead to infation risks. The voting was unanimous so the 200bn (QE) programme stayed the same. By buying assets such as government bonds the QE pumped new monoey into the economy trying to boost the lending in commercial banks. Inflation was to remain above the set mak at 2% because the value of the frank has gone down 25% which were written in notes from the meeting. the expected outcome was a 9-0 vote and thats what the result turned out to be.
* I think this was a good decision given the economic struggles we are having. They are finding ways to put more money into the bank.
http://news.bbc.co.uk/2/hi/business/8571925.stm
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